85 The Donway West N/A Unit 504, Toronto C13

Price: $499,000

1 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: C13152578

Welcome to Reflections Residences at Don Mills - a boutique-style, well-managed condominium community known for its thoughtful design and comfortable living. Ideally located in theBanbury/Don Mills neighbourhood, this residence offers exceptional convenience with everyday essentials and lifestyle amenities just moments away. Steps to Shops at Don Mills, enjoy easy access to boutique shopping, dining, cafés, fitness studios, and more - all seamlessly integrated into your day-to-day routine. Surrounded by nearby parks, trails, and green spaces, the area also offers a perfect balance of urban convenience and outdoor retreat. Inside, theunit features a spacious one-bedroom, one-bathroom layout designed with both function and flowin mind. Unlike typical cookie-cutter designs, this home offers a practical and well-proportioned living space that supports comfortable, everyday living. A rare opportunity to enjoy a well-rounded lifestyle in one of Don Mills' most desirable communities.

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New Listing
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$499,000 - 85 The Donway West N/A Unit 504, Parkwoods

Condo for Sale in Parkwoods

New — Listed 5 days ago
1Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
C13152578
Property Type
Condo
Status
active
Days on Site
5
Bedrooms
1
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Don Mills / Parkwoods / Victoria Village
Locker
Owned
Exposure
North East
Balcony
Open
Listing Brokerage
ROYAL LEPAGE SUPREME REALTY
Description

Welcome to Reflections Residences at Don Mills - a boutique-style, well-managed condominium community known for its thoughtful design and comfortable living. Ideally located in theBanbury/Don Mills neighbourhood, this residence offers exceptional convenience with everyday essentials and lifestyle amenities just moments away. Steps to Shops at Don Mills, enjoy easy access to boutique shopping, dining, cafés, fitness studios, and more - all seamlessly integrated into your day-to-day routine. Surrounded by nearby parks, trails, and green spaces, the area also offers a perfect balance of urban convenience and outdoor retreat. Inside, theunit features a spacious one-bedroom, one-bathroom layout designed with both function and flowin mind. Unlike typical cookie-cutter designs, this home offers a practical and well-proportioned living space that supports comfortable, everyday living. A rare opportunity to enjoy a well-rounded lifestyle in one of Don Mills' most desirable communities.

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Estimate your monthly payments for this property

Estimated Payment

$2,560.13/mo

Includes CMHC insurance ($13,922)

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5-yr fixed avg.

Principal: $449,100Interest: $305,016
Mortgage Amount$463,022
Total Interest$305,016
Est. Property Tax$353/mo
Total Cost$768,039

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Don Mills / Parkwoods / Victoria Village

Discover Don Mills / Parkwoods / Victoria Village

Don Mills / Parkwoods / Victoria Village is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Don Mills / Parkwoods / Victoria Village

  • Convenient location in Don Mills / Parkwoods / Victoria Village
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Don Mills / Parkwoods / Victoria Village offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

85 The Donway West N/A Unit 504, Don Mills / Parkwoods / Victoria Village

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
2.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$390
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$953

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $832/sqft, this property is priced in line with current Parkwoods market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.

Just Listed - Act Strategically

This property hit the market within the last week. In Parkwoods's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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